A-Cap Resources Ltd has one of the largest uranium deposits in the world, with distinct comparative advantages in terms of process design and infrastructure, and its location in one of the best mining investment environments in the world.

A-Cap’s key objective is to move the project rapidly towards development and production, position it to become a secure long term supplier of uranium for the growing nuclear industry and in doing so release for shareholders the substantial latent value underlying this massive uranium asset.

At present feasibility work necessary for a mining licence application is being completed. This work and a mining licence application is due for competition in the first quarter of 2015. The aim is to prepare the project for early development to enable the company to fully capitalise on an expected recovery in the uranium price.

The discovery of coal within our ground has added a new dimension to A-Cap’s activities and our immediate aim is to continue a drilling program at Mea and Bolau to define indicated resources and understand the size and quality of the coal discovered as well look at development options and the potential synergies with our uranium project and the long term opportunities that it may provide.

This strategy has the full endorsement of major shareholders who continue to provide financial support for project development.